VETERAN'S ENTITLEMENT

The veteran must have sufficient available entitlement for the VA loan. If an existing VA loan on the same property will be paid off by the refinancing loan, the entitlement used for that existing loan can be restored for purposes of obtaining the new loan.


OCCUPANCY 

The veteran must certify that he or she intends to personally occupy the property as his or her home.

PROCEEDS

The Veteran may use the remaining proceeds, if any, from a VA cash out refinance to do such things as:

• Home Improvement
• Payoff consumer debt
• Investment purposes
• Savings

For other types of VA Refinances click on the following subjects:

VA STREAMLINE REFINANCE (IRRL)

REGULAR REFINANCE